When the labor market is at full employment
A) real GDP equals potential GDP.
B) the price level is stable.
C) the price level equals the potential price level.
D) the short run aggregate supply curve is horizontal.
Correct Answer:
Verified
Q11: When the price level rises, the long-run
Q12: Which of the following statements is TRUE?
A)
Q12: The long-run aggregate supply curve is
A) horizontal
Q13: An aggregate supply curve depicts the relationship
Q15: The long-run aggregate supply curve is the
Q17: When talking about aggregate supply, it is
Q18: The long-run aggregate supply (LAS) curve
A) has
Q19: The supply of real GDP is a
Q20: In the long run
A) the aggregate supply
Q21: For movements along the long-run aggregate supply
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